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2518 South Central Avenue

2518 South Central Avenue, Cicero, IL 60804
Property in Cicero
Sold Nov 05, 2013
$160,000
$166,000 by Fairway Independent Mortgage C
Mortgage Due Jun 01, 2051
Sold Mar 29, 2013
$67,000
2518 South Central Avenue in Cicero, IL was first built in 1962 and is 62 years old. This has been categorized as a residential property type. For those interested in architecture, the building on the property was built in a multifamily style. It is a single story home. There are a total of 8 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 2518 South Central Avenue has 1,820 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. The linear feet across the front of the lot is 250 ft and the linear feet between the front and back of the lot is 1,250. In total, the area measurement of the land is 3,150 square feet.

Learn more about the property and building on this page. The roof of the home is made of asphalt. For those who need parking, there is a detached garage. There are a total of 2 available parking spaces. Fun fact, did you know that buildings can move due to weather changes? That's why, the type of control joints used in the construction of your home is extremely important. Based on our data, we know that the home was built with masonry control joints. The quality of the control joints have been graded by the local assessor with a letter grade of C. The condition of the building has been evaluated as average. The exterior walls of the home are made of masonry. Walk into the home itself and you'll find that it is currently being cooled with air conditioning. As for heating, the home is utilizing a heating system. We've gathered and summarized the following transaction history in an effort to provide more transparency and up-to-date information for our users. According to our sources, 2518 South Central Avenue sold most recently in Oct 31, 2013 for a total of $160,000. If you work out the math, that's approximately a cost of $87.91 per sqft. Before that, the property was also sold for $67,000 in Mar 22, 2013. There could be many factors that caused the property to sell at a higher price and increase in value. Tax-wise, the current owner is expected to pay close to $7,401 in taxes each year. 2518 South Central Avenue was most recently assessed in 2023. During this assessment, the property's total value was estimated to be about $23,000. If we break it down further, the land itself was valued at $3,386. Improvements to the property, however, were assessed at a total of $19,614. Homeowners who care about taxes, will be happy to see that the property's total assessed value has been marked as less than the total market value. Speaking of costs, many buyers and sellers often forget to take into consideration the closing costs they may occur. Closing costs can stem from anything mortgage or property related to fees related to your property title. As you'll soon learn from our guide, fees can quickly add up hence why as a rule of thumb, we typically recommend setting aside at least 5% of the purchase price to cover potential closing costs. Don't worry, any additional you save up can always go towards your principal. Better safe than sorry!Sadly, this property is not available for sale but we are constantly updating our inventory in real time. Sign up for a RealtyHop account and add this property to your favorites to get updates on when this property is back on the market. Or alternatively, you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 1962
  • Building Count: 1
  • Total Rooms: 8
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Condition: Average
  • Building Quality: C
  • Construction Type: Masonry
  • Building Style: Multifamily
  • Exterior Walls Type: Masonry
  • Roof Cover Type: Asphalt
  • Floor Count: 1
  • Living Units: 2
  • Basement Type: Finished improved basement
  • Basement Area: 0
  • Garage Type: Detached
  • Parking Space Count: 2

    Dimensions

  • Lot Size Square Feet: 3,150
  • Lot Size Depth Feet: 1,250
  • Lot Size Frontage Feet: 250
  • Total Building Area: 1,820
  • Gross Building Area: 1,820
  • Building Area: 1,820
  • Building Area Measurement: Living Area

    Heating and Cooling

  • Air Conditioning: Yes
  • Heating: Yes
  • Heated Square Feet: 1,820
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: Residential
  • Subdivision: COMMISSIONERS SUB
  • Land Acres: 0.072
  • Standard Land Use Code: Apartments (generic)
  • Legal Description 1: (COMMISSIONERS) SUB OF EH SE NE SEC 29-39-13

Ownership

  • Current Owner : MARCHAN ROBERTO
  • Current Owner 2: ENRIQUEZ DAVID
  • Previous Owner : AVILA EDGAR
  • Owner Before Previous Owner: JPMORGAN CHASE BANK NA
  • Is Owner Occupied: Owner-occupied property
  • Ownership Rights Codes: Joint Tenants

Neighborhood

  • School District Name: Cicero School District 99
  • Census Tract: 813900

Geography

  • District: 15
  • Parcel: 16-29-230-024-0000
  • Lot: 33
  • Meridian: SEC 29 TWN 39N RNG 13E
  • Municipality: CICERO
  • Latitude: 41.8449
  • Longitude: -87.7641

    Address

  • Full Address: 2518 S Central Ave
  • Address - House Number: 2518
  • Street Direction: S
  • Address - Street Name: Central
  • Address - Suffix Type: Ave
  • State: IL
  • City Name: Cicero
  • Carrier Code: C027
  • 4-Digit Zip Code: 2729
  • Zip Code: 60804

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $7,401
  • Tax Rate Code Area: 15001

    Appraisal Valuation

  • Standard Deviation: 0.2555
  • Valuation Date: Dec 13, 2023
  • Confidence Score: 48
  • Final Value: 315,263
  • High Value: 395,818
  • Low Value: 234,707

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,000
  • First Open Lien Mortgage Lender: FAIRWAY INDEPENDENT MORTGAGE C
  • First Open Lien Mortgage Recording Date: Jun 21, 2021
  • First Open Lien Mortgage Loan Amount: $166,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Jun 01, 2051

    Market Valuation

  • Market Total Value: $230,000
  • Market Land Value: $33,860
  • Market Improvement Value: $196,140

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $23,000
  • Assessed Land Value: $3,386
  • Assessed Improvements Value: $19,614

    Sales

  • Current Sale Contract Date: Oct 31, 2013
  • Current Sale Recording Date: Nov 05, 2013
  • Current Sale Transaction ID: 1133037582
  • Current Sale Price: $160,000
  • Current Sale Document Type: Warranty Deed
  • Current Sale Input Document Number: 1330947018
  • Previous Sale Recording Date: Mar 29, 2013
  • Previous Sale Contract Date: Mar 22, 2013
  • Previous Sale Amount: $67,000
  • Previous Sale Document Type: Special Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: THE FSB
  • First Mortgage Transaction Date: Nov 05, 2013
  • First Mortgage Loan Amount: $157,102
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: FHA
  • First Mortgage Loan Due Date: Nov 01, 2043

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Cicero



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Frequently Asked Questions

What neighborhood is 2518 South Central Avenue located in?
The 2518 South Central Avenue is a located in the neighborhood of Cicero in Cicero, Cicero.
What is the average sales price for listings in 2518 South Central Avenue?
The average sales price for units in 2518 South Central Avenue is $0 currently.

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